Megacable and Televisa pledge to end anti-competitive practices

Mexican pay-TV operators Televisa and Megacable have pledged to end their monopolistic practices in a plan submitted to the country’s Federal Telecommunications Institute (IFT), according to local press.

The IFT agreed to close its probe after the companies promised to abide by a series of mechanisms put in place to ensure competition. The agreement comes after Megacable was fined MXN 33.5 million and Televisa’s unit Cablevision MXN 8.73 million back in February 2014 on the grounds of collusion in the distribution of pay-TV and triple play services to consumers in the state of Mexico.